Hong Kong's Securities and Futures Commission (SFC) will soon allow licensed exchanges to offer crypto derivatives, such as perpetual futures and options, to professional investors. This strategic move aims to establish Hong Kong as a premier digital asset trading hub in Asia, outpacing regional competitors like Singapore and Tokyo. The policy targets the $70 trillion global crypto derivatives market, emphasizing risk management for professional investors. Exchanges must be fully licensed, maintain robust capital reserves, and implement sound risk management systems. HashKey and OSL are among the first to benefit, while international players like Deribit and CME Group are exploring local partnerships. This initiative aligns with Hong Kong's recent regulatory advancements, including a Stablecoin Bill and an expanded licensing regime, as the global cryptocurrency market approaches $3 trillion.